Ethereum Supply Crunch Looms with ETFs Approval, Whale Activity

Saturday, 25 May 2024, 13:44
Ethereum's exchange supply hits an 8-year low of 12.78 million ETH, signaling institutional demand surge ahead. ETF approval by SEC set to trigger significant supply shock, possibly withdrawing $20 billion from the market. Whales driving enormous trading volumes and growing institutional confidence, paving the way for potential market upheaval.
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Ethereum Supply Crunch Looms with ETFs Approval, Whale Activity

Ethereum's Exchange Supply at All-Time Low

Ethereum's availability on exchanges plummets to a historic low of 12.78 million ETH, marking a mere 11% of its entire supply.

Anticipated Demand Surge

Investors are withdrawing ETH from exchanges, anticipating institutional demand growth and potential price surge, showcasing bullish sentiment and long-term investment strategies.

Institutional Interest Post-ETF Approval

  • SEC's approval of Ethereum ETFs opens doors to immense demand influx, akin to BTC ETFs' impact, projecting significant market reshaping.
  • Institutional Activity Soars as on-chain trading volume reaches $15.98 billion, majorly executed by whales, indicating a strong institutional presence and trust in Ethereum.
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